# The Parliamentary Pensions (Consolidation and Amendment) Regulations 1993, Paragraph 4: Office holders whose service ended between 1st April 1972 and 1st August 1978


(1) Subject to paragraph 4 of Schedule 10 and to regulation G1 (Commutation) and, in the case of a person who has a guaranteed minimum pension, to regulation F7, the provisions of this paragraph shall have effect for the purpose of calculating the annual amount of a pension payable to a person under paragraph 3 above.
(2) For each year of which the whole or any part was comprised in the pensioner’s aggregate period of reckonable service as a participating office holder the following amounts shall be calculated—
(a) an amount equal to the sums deducted under regulation D2 in respect of that year from the person’s salary (within the meaning of that regulation), and
(b) an amount equal to five per cent of the aggregate amount which (in accordance with such one or more resolutions of the House of Commons relating to the remuneration of Members as were in force during the whole or any part of that year) constituted a Member’s ordinary salary in respect of that year;
and for each such year there shall be calculated the amount (in these Regulations referred to, in relation to any such year, as “the contribution factor” (for that year)) which is equal to the amount calculated under paragraph (a) divided by the amount calculated under paragraph (b) of this sub-paragraph.
(3) For each such year as is mentioned in sub-paragraph (2) of this paragraph a contribution credit shall be calculated by multiplying one-sixtieth of the relevant terminal salary by the amount of the contribution factor for that year; and, subject to the next following sub-paragraph and to regulation G1 the annual amount of the pension payable to the person under paragraph 3 shall be an amount equal to the aggregate of the contribution credits calculated under this sub-paragraph.
(4) In sub-paragraphs (2) and (3) of this paragraph “year” means a period of twelve months beginning with 1st April.
(5) In this paragraph “the relevant terminal salary”:
(a) if the person’s actual period of reckonable service as a participating office holder was more than twelve months, means the amount of a Members pensionable salary for the last twelve months (whether continuous or discontinuous) comprised in that aggregate period of reckonable service, and
(b) if the person’s actual period of reckonable service as a participating office holder was less than twelve months, means an amount calculated by taking the amount of a Member’s pensionable salary for the period (whether continuous or discontinuous) which constituted the aggregate period of reckonable service as a participating office holder and multiplying it by the appropriate figure;
and in paragraph (b) of this sub-paragraph “the appropriate figure” means the figure (whether being a whole number or not) by which the number of days comprised in the person’s aggregate period of reckonable service as a participating office holder must be multiplied in order to be equal to twelve months.

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Source: https://www.legislation.gov.uk/uksi/1993/3253/schedule/9/paragraph/4 (the official version)
Page: https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993/schedule-9/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.